The Rise of the Frugal Economy – Peer to Peer Capitalism or Revolution?

In the United States and across Europe, vertically integrated value chains controlled by large companies are already being challenged by new consumer-orchestrated value ecosystems, which allow consumers to design, build, market, distribute, and trade goods and services among themselves, eliminating the need for intermediaries. This bottom-up approach to value creation is enabled by the horizontal (or peer-to-peer) networks and do-it-yourself (DIY) platforms that form the foundation of the “frugal” economy.

http://www.projectsyndicate.org/commentary/peer-to-peer-economy-by-naviradjou-1-and-jaideepprabhu-2015-02

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